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Home / Metal News / LME Zinc to Remain Range-Bound (2017-2-7)

LME Zinc to Remain Range-Bound (2017-2-7)

Feb 7, 2017 09:16

Source:SMM

US December trade data slated for release today are expected to top November’s and support the US dollar index.

SHANGHAI, Feb. 7 (SMM) – US December trade data slated for release today are expected to top November’s and support the US dollar index. LME zinc will move between USD 2,770-2,820/mt today, and SHFE 1703 zinc should fluctuate between RMB 22,600-22,900/mt today, with spot prices RMB 10/mt below or RMB 30/mt above SHFE 1703 zinc.

LME Zinc prices

SHFE zinc prices

zinc prices

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After SHFE zinc prices rose, traders mostly took a wait-and-see attitude in the spot market, SMM reported.

Aug 30, 2017 18:18

Industry

Rising SHFE Zinc Distress Trading in Shanghai, SMM Reports

SHFE 1710 Zinc Closes with Declines (2017-8-10)

SHFE 1710 zinc opened at RMB 24,420/mt today and then hovered around RMB 24,420/mt.

Aug 10, 2017 18:08

SMM Comments

SHFE 1710 Zinc Closes with Declines (2017-8-10)

SHFE 1706 Zinc Closed with Gains (2017-4-27)

SHFE 1706 zinc opened at RMB 21,730/mt today and then edged down to RMB 21,680/mt.

Apr 27, 2017 19:46

SMM Comments

Zinc to Stay Range-Bound (2017-4-27)

Eurozone April economic climate index and European Central Bank interest decision will be announced today.

Apr 27, 2017 09:10

SMM Comments

SHFE 1706 Zinc Closes Lower (2017-4-19)

SHFE 1706 zinc opened at RMB 20,840/mt today and fell to RMB 20,760/mt.

Apr 19, 2017 17:29

SMM Comments

SHFE 1706 Zinc Closes Lower (2017-4-18)

SHFE 1706 zinc opened at RMB 21,675/mt today and dipped to RMB 21,480/mt, and then rallied to RMB 21,600/mt later.

Apr 18, 2017 17:25

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

US housing starts in March fell short of both market expectations and February’s. US economic activities are expected to slow. This will weigh down the US dollar index and support LME zinc.

Apr 18, 2017 09:46

SMM Comments

SHFE Zinc Prices to Remain Range-Bound (2017-4-18)

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

The average operating rate at Chinese zinc smelters was 69.4% in March, down 0.4 percentage point from February, according to an SMM survey. SMM adjusted capacity of survey sample to 6.19 million tonn

Apr 11, 2017 11:14

SMM Insight Industry Reminder

Operating Rate at Chinese Zinc Smelters Lower in March on Large Ones, SMM Survey

SHFE 1705 Zinc Closes with Big Losses (2017-4-7)

SHFE 1705 zinc opened at RMB 22,495/mt today, and then edged up to RMB 22,670/mt, reaching RMB 22,805/mt. after absorption of Xiongan news and government announcement to forbid large scale of property

Apr 7, 2017 18:01

SMM Comments

SHFE 1705 Zinc Closes with Big Losses (2017-4-7)

SHFE Zinc Takes a Nosedive but will Stay High in Short-to-Medium Term, SMM Reports

SHFE May zinc contract fell after opening and plunged at the end of trading, finishing 4% lower on Friday due to strong short momentum. Positions on SHFE zinc increased 29,000 tonnes.

Apr 7, 2017 17:54

SMM Insight Industry Reminder

SHFE Zinc Takes a Nosedive but will Stay High in Short-to-Medium Term, SMM Reports

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LME Zinc to Remain Range-Bound (2017-2-7)

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